ECONOMICS FOR GLOBAL BUSINESS Essay Example | Topics and Well Written Essays - 2000 words

economic science FOR GLOBAL BUSINESS - Essay ExampleThe average annual growth of the Chinese economy has been well-nigh 10% in the sound few years. The growth and expansion of the economy of chinawargon can be credited to the array of economic reforms that have been taken up in the country in the last few years. These economic reforms have made the Chinese economy more production oriented and has support the increase in the production capacity of the nation. Presently, the government of China is focusing on developing a large-minded array of macroeconomic policies in the country which would support the accelerated growth of the nation and arm the economic system of the nation as well. China aims at maintaining the stability and innovativeness in its macroeconomic policies. The macroeconomic policies of China including both the monetary and fiscal policies are prudent and proactive. The central aim of the government of China is to support the economic growth and development throu gh the management of the macroeconomic demand. Also, the country wants to respond adequately to the fluctuations in the domestic as well as the global business conditions through the introduction of strong and innovative macroeconomic policies. These macroeconomic policies have enabled the nation to prevent a build up of monetary risks and inflationary pressures on the economy and also sustain the local employment levels.The macroeconomic policies of China are mainly formulated by the government of China and the Peoples Bank of China which is the central bank in operation(p) in the country. As in the case of other economies, the policymakers of China also employ a wide number of varied regulatory, monetary and fiscal policies. However, the trading operations of these macroeconomic policies are significantly different from the operations of the macroeconomic policies in the developed economies of the world. These differences can be mainly found in the